DETROIT — U.S. new vehicle sales in July continued to show signs of recovery from the COVID-19 pandemic, as Toyota Motor Corp on Monday posted its lowest sales decline since the virus outbreak slammed the sector in mid-March. Read More
U.S. auto sales pandemic recovery continues as Toyota decline slows — Financial Post
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Investment Ideas from Robinhood.
Just a warning before you click buy, do your research and consider your risk tolerance and where does the investment fit in your portfolio. Now go sling some stocks.
A volatile stock market helped drive 3 million new users to open Robinhood accounts in the first quarter of 2020 alone. Robinhood investors are generally considered to be younger and more tech savvy than the typical investor, with an average age of about 31. However, they are also relatively inexperienced; Robinhood says half of its new users have never invested. Several top Robinhood stocks have been among the best performers in the market since the S&P 500 bottomed in March. Here are the 10 stocks Robinhood investors bought most aggressively in the last month.
https://finance.yahoo.com/news/10-robinhood-stocks-investors-buying-203053383.html
The president wants a piece of the Action
President Trump would like the US government to get a piece of the action. If TikTok sells the American arm of the tech giant to an American firm Trump wants the US to receive a slice of the sale. While a tax on the sale of a good is not new, please check your receipt, the idea of getting an arbitrary figure from a transaction is a dangerous road to travel.
WASHINGTON—President Trump said he was ready to approve a purchase of the U.S. operations of the Chinese video-sharing app TikTok, but only if the government receives “a lot of money” in exchange—an assertion of presidential power that appeared to lack precedent.
Wirecard collapse leads to call for German parliamentary inquiry
BERLIN/MANILA — Germany’s opposition called on Monday for a parliamentary inquiry into the collapse of payments firm Wirecard after a global fraud …
Wirecard collapse leads to call for German parliamentary inquiry
The biggest threat to your portfolio is you — especially now
Oil Giant Vitol Handed Record $2.2 Billion Payout to Its Traders
(Bloomberg) — Vitol Group paid a record $2.2 billion to its executives and staff through share buybacks last year, an unusually large payout that …
Oil Giant Vitol Handed Record $2.2 Billion Payout to Its Traders
Morning Java News
7-Eleven to Buy Marathon’s Speedway
Seven & i Holdings Co., the world’s largest convenience store franchiser, agreed to buy Marathon Petroleum Corp.’s Speedway gas stations for $21 billion, forging ahead with one of the year’s biggest deals even as the pandemic depresses economic activity in the U.S.
https://finance.yahoo.com/news/7-eleven-owner-buy-marathon-225123472.html
Trump Says He’ll Sign Order Cutting Drug Prices ‘Very Soon’ — Financial Post
(Bloomberg) — President Donald Trump said he plans to sign a “very inclusive” health-care plan “very soon” — perhaps as soon as Sunday — that will result in Americans paying significantly less for pharmaceutical drugs. Read More
Trump Says He’ll Sign Order Cutting Drug Prices ‘Very Soon’ — Financial Post
A Better Year for Trump’s Family Business (Last Year, That Is) — NYT > U.S. > Politics
In 2019, the Trump Organization showed improvement over the previous year. But the company’s minimum reported revenues still fell short of the president’s first year in office, his new financial disclosure shows.
A Better Year for Trump’s Family Business (Last Year, That Is) — NYT > U.S. > Politics
MacKenzie Scott is donating her billions much faster than her ex Jeff Bezos — Vox – All
MacKenzie Scott (then Bezos) at an awards ceremony in 2018. | Jörg Carstensen/picture alliance via Getty Images In the past year, she’s given away $1.7 billion. A year ago, Jeff and MacKenzie Bezos set records with the world’s biggest divorce settlement. On July 28, MacKenzie Bezos (now MacKenzie Scott) announced that she’s spent the time…
MacKenzie Scott is donating her billions much faster than her ex Jeff Bezos — Vox – All
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